"But the rest of the world can now afford excellent wine" ????? And if they can't, let them eat cake ??
So did Linn Energy, we'll see which one happens first. Don't hold your breath for either.
"Progressive simply will not accept objective history as it interferes with the really primitive myths." . . . such as much of our religious history ? Walking on water, parting the red sea, talking to God, etc., ?
Americans can't not buy large, energy inefficient trucks and SUV's. As soon as gas prices pullback, we go off the wagon. GM"s quarterly results are a testament to this. "The biggest contributors to GM profits were pickup trucks and big SUVs — an improbable return to the glory days of the mid-1990s". 2/3 of GM's profits came from these pickup trucks and big SUV's this quarter.
Exxon would acquire distressed properties, not companies and only if the price was right. Exxon has already cancelled several large long term cap-ex projects so I don't think they're in any rush to acquire anything.
Are you a producer of these "Alien" shows on cable TV ? With all your "probably", "Maybe", "might be", "some people say", etc., you should be producing cable shows about how aliens were helping ancient peoples to build pyramids.
With oil at these prices, the bulk of LINE's income is paid as "return of capital" and therefore tax free, until you sell. LNCO income is purely dividend income and taxed as such. The difference in share price between LINE and LNCO is all due to the tax considerations. As oil prices rise, the differential between the two should close. IMHO.
Ellis made a point of seeking cost savings measures on the last conference call. This is a cost savings measure. I would hope Linn continues to consolidate and streamline operations, reducing their operational overhead.
The Supreme court, stacked with ultra conservatives, in deciding that money represented Free Speech, changed the dynamic of American politics. Now, if your have the bucks, you can buy the government. Not something that Washington ever envisioned in his Farewell Address.
Perhaps you should have read up more on Alex De Tocqueville. Here's a quote that you should read. "Instruct democracy, if possible to reanimate its beliefs, to purify its motives, to regulate its movements, to substitute little by little the science of affairs for its inexperience, and knowledge of its true instincts for its blind instincts; to adapt its government to time and place; to modify it according to circumstances and men: such is the first duty imposed on those who direct society in our day." In short, stop applying 19th century politics to 21st century economics. Keep up with the times.